INTRODUCTION TO RECENT INSIGHTS INTO FINANCIAL, HOUSING, AND MONETARY MARKETS
نویسندگان
چکیده
منابع مشابه
Introduction to Demography and Financial markets
The world is in the midst of an unprecedented demographic transition. In developed and developing countries alike, populations are ageing as fertility rates decline and longevity increases. Together, these forces imply slower population growth and an increasing share of the elderly in the population, although the extent and speed of these changes will differ signifi cantly across countries. Dem...
متن کاملIntroduction to Property Markets and Financial Stability
Property markets have long been recognised as an important source of risk to financial stability. Many economies have had multiple episodes of rapidly increasing property market prices leading to significant stresses for their financial system. Despite the recurring patterns of boom and bust, every crisis has its own unique features and there is always something new to be learned by carefully e...
متن کاملIlliquid Financial Markets and Monetary Policy∗
This paper analyzes the role of money in asset markets characterized by search frictions. We develop a dynamic framework that brings together a model for illiquid financial assets à la Duffie, Gârleanu, and Pedersen, and a search-theoretic model of monetary exchange à la Lagos and Wright. The presence of decentralized financial markets generates an essential role for money, which helps investor...
متن کاملIntroduction to convex optimization in financial markets
Convexity arises quite naturally in financial risk management. In risk preferences concerning random cash-flows, convexity corresponds to the fundamental diversification principle. Convexity is a basic property also of budget constraints both in classical linear models as well as in more realistic models with transaction costs and constraints. Moreover, modern securities markets are based on tr...
متن کاملCOMMENTARY Monetary Policy and Financial Stability: An Emerging Markets Perspective
The world has endured a deep financial crisis and a great recession. Emerging markets are performing much better than they have in the past, especially in Latin America. The huge difference between the recent crisis and previous ones in emerging economies is that this time ‘it was not our fault’. The evidence from the emerging countries facing this unprecedented global downturn indicates that p...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2017
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s1365100517000529